The following table shows the correlation between directive 2006/48/EC and the references to national legal texts with regard to mergers and acquisitions - Law on the status and supervision of credit institutions (22 march 1993) (French - Dutch).


Provisions within Dir.2006/48/EC Prudential assessment of acquisitions and increases in holdings in the financial sector BE
National texts References English
Art. 19-A (1) a) I. Reputation of the proposed acquirer Law of 22 March 1993 on the legal status and supervision of credit institutions Article 24, § 3, al. 2 No
Art. 19-A (1) b) II. Reputation and experience of any person who will direct the business of the financial institution as a result of the proposed acquisition Law of 22 March 1993 on the legal status and supervision of credit institutions Article 24, § 3, al. 2 No
Art. 19-A (1) c) III. Financial soundness of the proposed acquirer Law of 22 March 1993 on the legal status and supervision of credit institutions Article 24, § 3, al. 2 No
Art. 19-A (1) d) IV. Compliance with the prudential requirements Law of 22 March 1993 on the legal status and supervision of credit institutions Article 24, § 3, al. 2 No
Art. 19-A (1) e) V. Suspicion of money laundering or terrorist financing Law of 22 March 1993 on the legal status and supervision of credit institutions Article 24, § 3, al. 2 No
Art. 19-A (4) VI. List of information required for the assessment of the acquisition Law of 22 March 1993 on the legal status and supervision of credit institutions Article 24, § 3, al. 2 No



The following table provides information on the level of implementation of the 3L3 "Guidelines for the prudential assessment of acquisitions and increases in holdings in the financial sector required by Directive 2007/77/EC". The complete list of information required by the CBFA for the assessment of an acquisition is provided in Communication CBFA_2009_31 (Dutch - French).


Provisions within Dir. 2006/48/EC Assessment criteria according to the 3L3 Guidelines BE
list of information required for the assessment of the acquisition
Art. 19a(1)(a) I. Reputation of the proposed acquirer Integrity A
Professional Competence A
Practicalities of the Cooperation Process A
Art. 19a(1)(b) II. Reputation and experience of any person who will direct the business of the financial institution as a result of the proposed acquisition Yes
Art. 19a(1)(c) III. Financial soundness of the proposed acquirer Scope of analysis A
Practicalities of the Cooperation Process A
Art. 19a(1)(d) IV. Compliance with the prudential requirements Scope of analysis A
Art. 19a(1)(e) V. Suspicion of money laundering or terrorist financing Scope of analysis A
Practicalities of the Cooperation Process A
Art. 19a(4) VI. List of information required for the assessment of the acquisition Scope A
A for Applied
PA for Partially Applied
NA for Not Applied

For an overview regarding information required for the assessment of an acquisition in the EU Member States see the corresponding table on the CEBS homepage.

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